MJL Bangladesh (DHA:MJLBD) Days Payable: 23.05 (As of Mar. 2026) — Near Median

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DHA:MJLBD MJL Bangladesh PLC DHA:MJLBD
100 GF Score
Price BDT94.10
GF Value BDT96.24
Valuation Fairly Valued
! 10 Warning Signs
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What is MJL Bangladesh Days Payable?

MJL Bangladesh DHA:MJLBD -0.74% 100 Days Payable is 23.05 as of Mar. 2026, which is 4% below its 10-year median of 24.01. GuruFocus rates DHA:MJLBD with a GF Score™ of 100/100 and a GF Value™ of BDT96.24 (Fairly Valued). The stock has 10 warning signs investors should review. Among 851 Oil & Gas companies, MJL Bangladesh ranks worse than 88.95% on this metric.

MJL Bangladesh's average Accounts Payable for the three months ended in Mar. 2026 was BDT2,400 Mil. MJL Bangladesh's Cost of Goods Sold for the three months ended in Mar. 2026 was BDT9,499 Mil. Hence, MJL Bangladesh's Days Payable for the three months ended in Mar. 2026 was 23.05.

The historical rank and industry rank for MJL Bangladesh's Days Payable or its related term are showing as below:

DHA:MJLBD' s Days Payable Range Over the Past 10 Years
Min: 14.51   Med: 24.01   Max: 31.48
Current: 16.69

During the past 13 years, MJL Bangladesh's highest Days Payable was 31.48. The lowest was 14.51. And the median was 24.01.

DHA:MJLBD's Days Payable is ranked worse than
88.95% of 851 companies
in the Oil & Gas industry
Industry Median: 57.16 vs DHA:MJLBD: 16.69

MJL Bangladesh's Days Payable increased from Mar. 2025 (8.86) to Mar. 2026 (23.05). It may suggest that MJL Bangladesh delayed paying its suppliers.


MJL Bangladesh Days Payable Historical Data

* Premium members only.

The historical data trend for MJL Bangladesh's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MJL Bangladesh Days Payable Chart

MJL Bangladesh Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.48 31.28 27.16 20.21 14.51

MJL Bangladesh Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.86 10.37 13.27 12.78 23.05

DHA:MJLBD vs VLO, MPC, PSX: Days Payable Comparison

For the Oil & Gas Refining & Marketing subindustry, MJL Bangladesh's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MJL Bangladesh Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MJL Bangladesh's Days Payable distribution charts can be found below:

* The bar in red indicates where MJL Bangladesh's Days Payable falls into.


DHA:MJLBD
100GF Score
MJL Bangladesh PLC DHA:MJLBD
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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MJL Bangladesh Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

MJL Bangladesh's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (1542.373 + 1241.291) / 2 ) / 35006.693*365
=1391.832 / 35006.693*365
=14.51

MJL Bangladesh's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (1271.957 + 3527.684) / 2 ) / 9499.437*365 / 4
=2399.8205 / 9499.437*365 / 4
=23.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 23.05 mean?
MJL Bangladesh (DHA:MJLBD) has a Days Payable of 23.05 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MJL Bangladesh and its competitors. This is near median its historical median of 24.01. Over the past decade, MJL Bangladesh's Days Payable has ranged from 14.51 to 31.48. According to the industry distribution chart, MJL Bangladesh ranks #757 out of 851 companies in the Oil & Gas industry, placing it in the top 89%.
Is MJL Bangladesh's Days Payable too high?
MJL Bangladesh's current Days Payable of 23.05 is near median its 10-year median of 24.01. Over the past 10 years, this metric has ranged from a low of 14.51 to a high of 31.48. The Oil & Gas industry median Days Payable is 57.16. MJL Bangladesh's value of 23.05 is 59.7% below this industry median. Based on the distribution chart, MJL Bangladesh ranks #757 out of 851 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, MJL Bangladesh has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MJL Bangladesh's Days Payable compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, MJL Bangladesh ranks #757 out of 851 companies for Days Payable. This places MJL Bangladesh in the lower half of its industry. The industry median Days Payable is 57.16. MJL Bangladesh's value of 23.05 is 59.7% below this benchmark. Historically, MJL Bangladesh's own Days Payable has ranged from 14.51 to 31.48 over the past decade. While the company's 10-year median is 24.01 vs. the industry median of 57.16, MJL Bangladesh has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.16, based on 851 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MJL Bangladesh's current Days Payable of 23.05 is 59.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on MJL Bangladesh and its competitors. For the Oil & Gas industry, the median Days Payable is 57.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MJL Bangladesh's current Days Payable is 23.05, which is near median its own 10-year median of 24.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MJL Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, MJL Bangladesh (DHA:MJLBD) is currently considered Fairly Valued. The stock's GF Value™ is BDT96.24, compared to a current price of BDT94.10 — trading 2.2% below its estimated fair value. The current Days Payable is 23.05, which is near median its 10-year median of 24.01 and 59.7% below the Oil & Gas industry median of 57.16. MJL Bangladesh's overall GF Score™ is 100/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For MJL Bangladesh (DHA:MJLBD), the current Days Payable is 23.05 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MJL Bangladesh (DHA:MJLBD) Overvalued in 2026?

Based on GuruFocus' analysis, MJL Bangladesh stock appears to be undervalued. The current stock price of BDT94.10 is trading 2.2% below its estimated GF Value™ of BDT96.24. GuruFocus considers MJL Bangladesh to be Fairly Valued.

Key valuation signals for DHA:MJLBD:

  • Days Payable: 23.05 (near median its 10-year median of 24.01)
  • GF Value™: BDT96.24 vs. price of BDT94.10 (2.2% below fair value)
  • GF Score™: 100/100 with 10 warning signs
  • Industry Position: 59.7% below the Oil & Gas median (#757 of 851)

No single metric tells the full story. See the DHA:MJLBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MJL Bangladesh Business Description

Industry EnergyOil & Gas
Address Bir Uttam Mir Shawkat Sarak, Mobil House, CWS(A) 13/A, Gulshan Avenue, Dhaka, BGD, 1212
MJL Bangladesh PLC is engaged in the blending and marketing of internationally recognised Mobil-branded lubricants in Bangladesh and is also diversified into lube oil trading and oil tanker operations. The Company serves the lubricant market across both the B2B (business-to-business) and B2C (business-to-consumer) segments. The B2B market segments served comprise industrial lubricants, marine lubricants and aviation lubricants, while the B2C market segments served comprise passenger vehicle lubricants, commercial vehicle lubricants and aviation lubricants. The Company also has a small e-commerce sales channel through its Lube Solution digital app and a modest export presence through sales in Nepal. Its operations and distribution network extend across Bangladesh.
100GF Score

Get the complete analysis for DHA:MJLBD

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT94.10
Price
BDT96.24
GF Value